Is the location of the entrusted order function the same in the web version and APP version of OYi Contract?

Both the web and mobile app versions of OYi Contract provide an entrusted order function with identical functionality for placing an order.

Jan 31, 2025 at 08:13 am

Key Points:

• Both the web and mobile app versions of OYi Contract offer the same functionality for placing an entrusted order.

Step-by-Step Guide:

1. Access the Trading Page

• Web Version: Navigate to "Trade" from the top menu bar and select "Contract" from the drop-down options.
• Mobile App: Tap on the "Contract" icon on the main homepage.

2. Open Order Window

• Web Version: Click on the "Create New" button on the right side of the interface.
• Mobile App: Tap on the "Trade" button, then on the "Entrust" tab.

3. Locate Entrusted Order Function

• Both Versions: The entrusted order function is prominently displayed on the order window.

4. Input Order Details

• Specify the following order details:

  • Trading Pair: Select the cryptocurrency pair you want to trade.
  • Order Type: Choose between Limit, Market, and Stop-Limit orders.
  • Side: Indicate whether you want to buy or sell (long or short).
  • Price: Enter the desired order price.
  • Quantity: Input the number of contracts you want to buy or sell.
• Note: Advanced order options are also available, such as Time-in-Force and Reduce-Only.

5. Preview and Confirm

• Review your order details and ensure that they are correct.
• Web Version: Click on the "Preview" button to confirm the order summary.
• Mobile App: Swipe to confirm the order.

FAQs:

1. What are the advantages of using OYi Contract's entrusted order function?

• Flexibility: Allows traders to set specific order parameters, such as price and quantity.
• Control: Gives traders greater control over their market execution.
• Reduced risk: Helps mitigate the risk of slippage or unfavorable prices during market volatility.

2. What types of orders can I place using entrusted orders?

• Limit Orders: Buy or sell at a specified price.
• Market Orders: Buy or sell at the current market price.
• Stop-Limit Orders: Conditional orders that trigger a Limit order when a certain price is reached.

3. Is there a fee for using entrusted orders on OYi Contract?

• OYi Contract charges a small trading fee based on the total order volume. The fee structure varies depending on the trading pair and order type.

4. How long does it take for an entrusted order to be executed?

• The execution time for entrusted orders depends on factors such as market liquidity, order price, and order type. Limit orders may take longer to fill if the market price is not favorable.

5. Can I cancel an entrusted order once it has been placed?

• Yes, you can cancel an entrusted order as long as it has not been filled. To cancel an order, go to the "Open Orders" section in the trading interface and click or tap on the "Cancel" button next to the order you want to cancel.